<u>Full question:</u>
The Ritz-Carlton has carefully created a strong and distinctive differentiation strategy, which is supported by everything the company says, is, and does. Which type of differentiation is this?
A. People differentiation
B. Product differentiation
C. Image differentiation
D. Services differentiation
E. Channel differentiation
<u>Answer:</u>
Image differentiation is this.
<u>Explanation:</u>
Image Differentiation as an origin of competitive advantage, a firm may differentiate itself from its opponents by image; the appropriate image or 'oneself' it procures is designed by its logo and additional symbols. A differentiated image accommodates at paying out from the crowd. Image differentiation is necessary for a company or product.
A powerful image builds the product’s quality and value proposition, it distinctively carries this character and it abandons emotional power behind a mental image. Image differentiation helps labels earn an aggressive edge over their rivals.
Answer:
A. Contractionary fiscal policy
B. Left
Explanation:
When the economy is growing too fast and the inflation is high, Contractionary fiscal policy should be pursued. Contractionary fiscal policy entails either government increasing tax or reducing its spending or both.
When taxed are increased, the household disposable income will be reduced, households will have lesser money to spend and also the business profit will be reduced and this will lead to reduced investments. This policy will relax the aggregate demand and ultimately the interest rate.
Since the aggregate demand will reduce after pursuing this policy, aggregate demand will shift to the left
Answer:
C) Should be reported at $210,000
Explanation:
The computation of the gross profit in case of the multi-step income statement is presented below:
Mortenson Company
Multi step income statement
Sales $600,000
Less: Cost of goods sold -$390,000
Gross profit $210,000
After deducting the cost of goods sold from the sales we can get the gross profit
Answer:
160,000 units
Explanation:
Step 1 : Determine the Sales Mix
Bramble : Standard
60000 : 40000
3 : 2
Step 2 : Determine the Overall Break even Point
Break even Point = Fixed Cost ÷ Contribution per unit
= $2400000 ÷ $30
= 80,000
Step 3 : Determine break-even point for Standards
Standards Break even point = 80,000 x 2
= 160,000 units
Thus,
Bramble Corp would sell 160,000 units of Standards at the break-even point
